Sheaff Brock Investment Advisors LLC cut its position in Total System Services, Inc. (NYSE:TSS) by 18.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,195 shares of the credit services provider’s stock after selling 2,090 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Total System Services were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Total System Services by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,145 shares of the credit services provider’s stock worth $82,601,000 after acquiring an additional 28,439 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Total System Services by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 2,151,897 shares of the credit services provider’s stock worth $174,616,000 after acquiring an additional 157,929 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Total System Services in the first quarter worth $1,632,000. Valeo Financial Advisors LLC raised its holdings in shares of Total System Services by 978.3% in the first quarter. Valeo Financial Advisors LLC now owns 992 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 900 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Total System Services in the first quarter worth $271,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

TSS has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Total System Services to $121.00 and gave the stock a “market perform” rating in a report on Thursday, May 30th. Robert W. Baird set a $148.00 target price on Total System Services and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays upped their target price on Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Goldman Sachs Group upgraded Total System Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $98.00 to $115.00 in a research note on Wednesday, April 17th. Finally, ValuEngine upgraded Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Total System Services currently has an average rating of “Buy” and a consensus target price of $115.67.

NYSE:TSS traded up $2.16 on Tuesday, hitting $127.92. 23,779 shares of the stock were exchanged, compared to its average volume of 1,248,177. The stock has a market capitalization of $22.84 billion, a PE ratio of 30.01, a PEG ratio of 2.29 and a beta of 0.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.47 and a current ratio of 2.47. The business has a fifty day moving average of $131.13. Total System Services, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $138.66.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. Research analysts expect that Total System Services, Inc. will post 4.64 EPS for the current year.

About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

See Also: What is the yield curve?

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.